Bolivia Construction Market Forecast to 2027, Trend Analysis by Sector - Average Annual Growth of 4.1% is Forecast from 2024-2027
Dublin, Dec. 22, 2023 (GLOBE NEWSWIRE) -- The "Bolivia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027" report has been added to * ResearchAndMarkets.com's* offering.
The construction industry in Bolivia is forecast to expand by 2.4% in real terms in 2023, before recording average annual growth of 4.1% from 2024 to 2027. The industry's output over the forecast period will be supported by investments in the transport, renewable energy, and residential sectors. In the General State Budget (PGE) for 2023, BOB27.6 billion ($4 billion) was allocated for public investment this year. This includes an allocation of BOB11.7 billion ($1.7 billion) for the manufacturing sector, BOB6.9 billion ($1 billion) for the social sector, BOB6.6 billion ($955.1 million) for the infrastructure sector and BOB2.4 billion ($347.3 million) for multisectoral strategic projects.
The industry's growth over the forecast period will also be supported by investments in the mining sector. According to President Luis Arce, Bolivia has the world's largest reserve of lithium, totaling 23 million tons. In late July 2023, President Arce reported that construction will soon begin on a highway and high-voltage electric line to accommodate the Direct Lithium Extraction (DLE) plant that will be built by the Chinese consortium CBC in Coipasa.
Previously in January 2023, CBC announced that it will invest BOB9.7 billion ($1.4 billion) in DLE facilities in Coipasa and at the Uyuni salt flats, which accounts for a large share of Bolivia's lithium reserves. Forecast-period growth in the Bolivian construction industry will also be supported by the Economic and Social Development Plan (PDES) 2021-2025, which includes an allocation of BOB229.4 billion ($33.2 billion) over the five-year period to develop the country's overall infrastructure.
*The report provides detailed market analysis, information and insights into the Bolivian construction industry, including -*
· The Bolivian construction industry's growth prospects by market, project type and construction activity
· Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Bolivian construction industry
· Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
*This report provides a comprehensive analysis of the construction industry in Bolivia including*
· Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Bolivia, featuring details of key growth drivers.
· Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
· Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
· Listings of major projects, in addition to details of leading contractors and consultants
For more information about this report visit https://www.researchandmarkets.com/r/404oc2
*About ResearchAndMarkets.com*
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT:
CONTACT: ResearchAndMarkets.com
Laura Wood,Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900